Russia to Invest USD 50 Billion in Iran’s Oil and Gas Sector

Moscow announced it was looking to invest USD 50 billion in Iran’s oil and gas sector, said Ali Akbar Velayati, Senior Adviser for International Affairs of the Supreme Leader, after meeting with Russian President Vladimir Putin.

“The readiness that Mr. Putin expressed at today’s meeting is to enhance the oil ties between the two countries and increase investments in the oil and gas industry of our country up to USD 50 billion,” noted Ali Akbar Velayati.